Top Spotify bosses pocket £800m: Daniel Ek and co-founder Martin Lorentzon offload more than 2.5m shares

By CALUM MUIRHEAD

Updated: 22:24 GMT, 11 February 2025

Spotify bosses have pocketed around £800million selling shares in the music streaming giant.

Boss Daniel Ek and his co-founder Martin Lorentzon offloaded more than 2.5m shares in the firm last year and have continued to sell down their stakes in recent weeks.

Earlier this month Ek, 41, sold around £30million worth of shares as part of a trading plan while Lorentzon, 55, cashed in £322million worth of stock in November, Bloomberg reported. 

Despite the sales, the two co-founders still control a 15.9 per cent stake in the Swedish company worth around £16.4billion. 

The stock sales come as Ek and Lorentzon look to shift their wealth into other tech businesses including those focused on AI and climate change.

Shares in Spotify have risen by 167 per cent over the last year. 

The stock price has soared to all-time highs in recent days after the company last week revealed user numbers have hit a record 675million while the number of paying premium subscribers rose 11 per cent to 263million.

Cash in hand: Spotify boss Daniel Ek (pictured) and his co-founder Martin Lorentzon offloaded over 2.5m shares in the Swedish firm last year and have continued to sell down their stakes

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Top Spotify bosses pocket £800m: Daniel Ek and co-founder Martin Lorentzon offload more than 2.5m shares

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